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12-05-14

UAE- Clayton Dubilier & Rice buys Dubai's Mauser for USD1.72b

(MENAFN) Clayton Dubilier & Rice (CD&R) has recently signed an agreement with Dubai International Capital (DIC) to purchase Germany-based packaging group Mauser for about USD1.72 billion, according to Arab News. The deal will be the largest deal by a state-owned investment fund since the debt crisis the emirate faced at the turn of the decade. CD&R plans to buy Mauser, which works on packaging equipment such as cans and drums for transporting medical waste and other hazardous chemicals. The Dubai fund, part of Dubai Holding, was advised by Bank of America-Merrill Lynch on the purchase deal. CD&R was assisted by Credit Suisse.